Manistee Portfolio

Under Contract | 7,100,000

Manistee, MI | Units: 97 | Price Per Unit: $73,196 | Listing Agent: A.J. Beachum, J.D.

Location

Executive Summary

The Manistee Portfolio is a two-property multifamily offering. Built in 2002 with MSHDA financing, both assets are former LIHTC properties that were successfully taken through the Qualified Contract Process (QCP) and were formally released from their Regulatory Agreements in September 2025. Over the past five years, the portfolio has been well maintained with numerous capital improvements completed, positioning the assets for continued operational stability and rental growth.

  • Horizon Pointe – 49 Units (Manistee, MI)
    17 one-bed / one-bath units (691 sf)
    32 two-bed / one-bath units (752 sf)
  • Rietz Park Village – 48 Units (Manistee, MI)
    32 two-bed units (975 sf)
    16 three-bed units (1,213 sf)